Pension Plans

Complete List of PBSA Sections Affected by Bill 58

Following is a list of the sections the Pension Benefits Standards Act amended by Bill 58 and a brief description of each amendment. These are only very brief descriptions of the general effect of the amendments, and are not to be considered a substitute for the actual provisions of Bill 58.

A bulletin further describing the amendments contained in Bill 58 is also provided on this web site.

Section of PBSA - Brief Description of Nature of Amendment

1 (1) An amended definition for "additional voluntary contributions".

1 (1) An amended definition for "commuted value".

1 (1) An amended definition for "employment".

1 (1) An amended definition for "spouse" now includes a person of the same gender.

1 (1) An amended definition for "termination of membership".

1 (1) An amended definition for "years of continuous employment".

1 (1) A new definition added for "collective agreement", same meaning as Labour Relations Code.